Zion Market Research, The Market Research Group Announced The Analysis Report Titled "Pour Point Depressants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 06/18/2018 -- Pour Point Depressants Market: Overview
Pour point depressants market are polymers that are designed to control wax crystal formation in lubricants resulting in lower pour and improved low temperature flow performance. As and when the temperature of the oil is lowered some waxy parts of the solution comes out as small crystals. And as the temperature is decreased it starts to appear hazy to the naked eyes. The temperature at which this occurs is known as cloud point. The solidification process is known as gelation sometimes. Therefore, the lowest temperature at which the oil becomes fluid is known as pour point. The minimum temperature at which the fluid becomes semisolid and cease to flow is the pour point. Diesel fuel is also prone to waxing or gelling in cold weather. It also helps in the development of solid wax particles in the fuel.
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Pour Point Depressants Market: Growth Factors
Major factor responsible for the growth of pour point depressants market is increasing demand in automotive industry. The demand for power transmission fluid, tractor fluids, and engine oils are increasing day-by-day as consumers wants to boost the performance of their engine. Some of the restraining factors of pour point depressants market is that there is a very little scope of setting new refineries because refining capacities of developed countries have reached their highest point. As the consumers are switching towards electric vehicles it has negatively affected the growth of the pour point depressants market. There are opportunities for the manufacturers as the investment in refinery is increasing the cross-country projects will them to take advantages of such opportunities. Therefore, the decreasing demand from developed countries acts as a major restraints for this market.
Pour Point Depressants Market: Segmentation
The market is divided on the basis of end users, products and by region. The end users for pour point depressants market are automotive industry, chemical industry, lubricants industries, oil and gas industries, marine industries etc. By product, the pour point depressants market are ethylene-co-vinyl-acetate, alkyl aromatic polymers, copolymers of alpha- olefins, polymethacrylates, styrene esters etc. The pour point depressants market further is divided on the basis of region North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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Pour Point Depressants Market: Regional Analysis
Asia Pacific region is seen to be the emerging market in terms of growth owing to the presence of developing economies like India, China and Indonesia region. These countries exhibit a great demand for pour point depressants hence, Asia Pacific is anticipated to dominate the global market. China is forecasted to be the fastest growing country in the respective domain due to increase in population, expansion of automotive industry, industrialization etc. Middle East, Africa and Latin America will expand at a uniform pace were as Europe and North America will expand at a high pace.
Pour Point Depressants Market: Competitive Analysis
Some of the major competitive players of pour point depressants market are A&E Medical, DePuy Synthes, IDEAR S.R.L., Zimmer Biomet Holdings, Innospec Inc., KLS Martin Group, Orthofix International N.V., Chevron Corporation, ABYRX, Praesidia Srl, Acute Innovations, Sanyo Chemical Industries Ltd, The Lubrizol Corporation, Kinamed Incorporated, Messina Incorporated and Evonik Industries AG and others.
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